Giant Network(SZ:002558) Mei Ri Jing Ji Xin Wen·2025-10-28 15:19Core Viewpoint - Giant Network reported strong financial performance for the first three quarters of 2023, with revenue of 3.368 billion yuan, a year-on-year increase of 51.84%, and net profit of 1.417 billion yuan, up 32.31% [2] Management Changes - General Manager Zhang Dong resigned for personal reasons, with Liu Wei returning to the position after a brief absence [2][3] - Zhang Dong was previously seen as a successor chosen by Liu Wei and had a significant impact on product development during his tenure [3] - Liu Wei's return is expected to provide continuity in strategy during a critical transformation period for the company [3] Product Strategy and Development - The company has been focusing on a "youthful" strategy, with new products developed by teams primarily composed of younger talent [4] - Recent successful products include "Supernatural Action Group," which achieved over 1 million concurrent users shortly after launch, significantly boosting revenue [3][5] - The company aims to enhance player experience and engagement, aligning with the founder's philosophy of prioritizing player numbers over immediate revenue [5] Financial Performance - In Q3 2025, the company reported a net profit of 640 million yuan, a year-on-year increase of 81.19%, with operating cash flow reaching 1.851 billion yuan, up 151.9% [5] - The classic IP "Journey" has revitalized through multi-platform collaboration, contributing significantly to revenue growth [5] AI and Technological Integration - AI technology is becoming a major growth driver, with the company launching its first game AI model, GiantGPT, and integrating AI features into existing products [6] - The company has invested in AI-related startups and is enhancing its technological capabilities through partnerships [6] Global Expansion Challenges - The company faces challenges in global markets, with overseas revenue at only 6.046 million yuan, accounting for 0.36% of total revenue [7] - There are expectations for Liu Wei to leverage his experience to accelerate international growth, particularly through localized operations [7] - The company plans to build an overseas distribution team to enhance its global presence [7]